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Another fine mess? How penalties are calculated

December 1, 2017, The Banker

Mythili Raman is quoted by The Banker in an article regarding how bank regulators calculate fines. Commenting on DOJ's starting point for calculating corporate crime fines, Raman says, "Even though the guidelines, on their face, set out a seemingly strict formula for calculating fines, the calculation of ‘profits’ and ‘losses’ is an extremely elastic exercise, which is why there is often significant room for disagreement, negotiation and advocacy on both sides."

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